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• EUR/AUD dipped on Tuesday as investors awaited further signals regarding when central banks would start implementing rate cuts..
• European Central Bank poll showed consumers have trimmed their expectations for inflation over the next 12 months, in a sign the ECB's credit-tightening efforts are having an impact.
• EUR/AUD has moved below 38.2%fib support, signals suggest a corrective drop may be in store for EUR/AUD
• Technical are bearish as RSI is at 46 bearish, daily and 5, 10 & 21 Mas is heading down .
• Immediate resistance is located at 1.6756 (23.6%fib), any close above will push the pair towards 1.6628( Higher BB)
• Support is seen at 1.6485 (50%fib) and break below could take the pair towards 1.6418(61.8%fib).
Recommendation: Good to sell around 1.6490 with stop loss of 1.6570 and target price of 1.6490
